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Updated by Stacey D on Oct 30, 2016
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Stacey D Stacey D
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Basics About Homeowners Insurance

Some key facts about homeowners insurance and why it is important.

Home insurance

Home insurance, also commonly called hazard insurance or homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence.

What is Homeowners Insurance? - HowStuffWorks

Given all of the expenses that come with owning a home, it's reasonable to wonder if homeowners insurance is just another seemingly useless expense. The answer is no, it's not useless -- in fact, homeowners insurance is essential.

Homeowners Insurance Definition | Investopedia

A form of property insurance designed to protect an individual's home against damages to the house itself, or to possessions in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property. In the U.S.

Homeowner’s insurance pays for losses and damage to your property if something bad happens, like a fire or burglary. Standard homeowner’s insurance doesn’t cover damage from earthquakes or floods, but it may be possible to add this coverage. When you have a mortgage, your lender wants to make sure your property is protected by insurance.

New Jersey Homeowners Insurance - SIAPC of Livingston, NJ

Personal insurance protection provided by your homeowner's insurance policy includes various losses. Each policy is different but typically homeowner's insurance policies cover against losses that happen to your home such as loss of its contents or its use. It may also cover the loss of certain personal possessions that belong to the homeowner.